Buying stable coins is a goog or a bad idea?

[Icologies]

After reading this article https://changelly.com/blog/stablecoins-an-idiom-of-stability-in-crypto-space/ I started to think about purchasing stable coins. What's your opinion about that? Is it a good or a bad idea?

I think it's good as long as the coin is aimed at continuous stability, if only at the beginning it's just a lie. crypto is volatile where prices can change significantly, so investing doesn't have to be stable but also has a clear concept.

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[InwardContour]

As a trader, sometimes I convert my holdings to stable coins (especially USDT since it usually has more volume and trading pairs) , when I think the market will dump or when I'm off for a while and can't watch the market. This is because I day-trade so I have to be very careful to avoid losing big.  Asking if buying stable coins is good or bad idea depends on the purpose for buying. Buy when you want your holdings to be stable in price escaping volatility or when you want to trade on stable coin pairs. Normally you should know that buying stable coin for long term is not profitable, since price is almost stagnant.

[Bountyhonter]

Investing in stable coins can't be considered as investment because what you just do is convert your countries local currency into a cryptocurrency which neither increase nor decrease in price.

[tabas]

Depends on your need. If you need to have stable coin to flee from the falling market, it's good to save your portfolio.
But since then, I've never purchased any stable coin. I don't think that this would ever fit my style of investing and trading.

[TastyChillySauce00]

As a trader, sometimes I convert my holdings to stable coins (especially USDT since it usually has more volume and trading pairs) , when I think the market will dump or when I'm off for a while and can't watch the market. This is because I day-trade so I have to be very careful to avoid losing big.  Asking if buying stable coins is good or bad idea depends on the purpose for buying. Buy when you want your holdings to be stable in price escaping volatility or when you want to trade on stable coin pairs. Normally you should know that buying stable coin for long term is not profitable, since price is almost stagnant.

It could be profitable if the fiat that used to backup your stablecoin is increasing in price but considering the volatility nature of cryptocurrency that might not affect that much.
Only if stablecoins reward holders for staking that'd be a little profitable.

[Barcode_]

I guess one of the reason for some investors to purchase stable coins would be to minimize the effect of certain fiat currency dropping in values due to economic crisis around the world, but since the values of stable coins are usually very stable on the trading market, investors should not be hoping to make huge profits by trading stable coins.

[March21]

That's a bad idea, man. Do you know what Stablecoin means? The price of Stablecoin follows the price of objects in the real world, such as gold, dollars or the like. And most of us use Stablecoin only for the purpose of buying crypto via usdt or buying IEO tokens because many IEOs use USDT as a transaction, not BTC or ETH.

[Periodik]

After reading this article https://changelly.com/blog/stablecoins-an-idiom-of-stability-in-crypto-space/ I started to think about purchasing stable coins. What's your opinion about that? Is it a good or a bad idea?

What are you buying stablecoins for? Stablecoins do not have much use, except if it is accepted as a payment in your place. Other than that, it will only serve as an option for traders to avoid getting caught by a poor performance of the market. Stablecoins do not grow much in value. People are mostly trading stablecoins because of what it is built for, stability.

[xiboothrezi]

Purchasing stable coin as investment? Such a bad idea.

Buy stable coins for trading purpose because it is more convenient to trade than trading with USD but the value of stable coin also decrease due to inflation.

Agree. Stable coins are more effectively used to make daily payments supported by cryptocurrency, for example, paying electricity tokens, buying and selling online, games, etc. as explained in the article pinned by op. Usually, I use stable coins to secure assets when the market is not conducive when trading.

[mamesso]

Stable coins can be categorized as one of the coins to secure our money in the form of assets. If your intention is only to secure your money in the form of coins, it will be the right solution. But if you want to make a profit in trading, you must be able to invest your money in the form of bitcoin or ETH.

[Dpat]

Buying of a stable coin is a very good idea. As, you know that how the higher volatility of the crypto market affecting the all coin and token so, buying of this stable coin keep you risk free in the adverse situation of the market. Recently, Bitbond has introduced it's stable coin BB1 through the STO.

[mr_random]

After reading this article https://changelly.com/blog/stablecoins-an-idiom-of-stability-in-crypto-space/ I started to think about purchasing stable coins. What's your opinion about that? Is it a good or a bad idea?

If you have bought the low price altcoins, converting profit to the stable altcoins may be a good idea. No point to discuss the another way around. It only makes sense to sell the crypto holdings to stable coins for liquidation and avoid further volatility. Step by step the stable altcoins will replace the gold price pegged altcoins in my opinion.

[blu.storm]

i don't think it's a form of investment, their only utilitarian is to get out of trading at the end of the session and not lose the accumulated gain

[Tipstar]

After reading this article https://changelly.com/blog/stablecoins-an-idiom-of-stability-in-crypto-space/ I started to think about purchasing stable coins. What's your opinion about that? Is it a good or a bad idea?

Stable coin has been a perfect tool for traders. There were less opiton when the crypto market went bearish in the past but now, users can retain the fiat value without actually converting them to fiat. While on stablecoin, users can easily exchange them back to crypto. Hence, stable coin would boost trading of crypto and make the market much more stable.

[Javi_Anibarro]

I do not see any point in investing into stable coins. They are not called stable without a reason, they are not changing their price and are not created for investment. If you would like to stay out of the market and keep your money on exchanges, you can use stable tokens.

Yes, that is true about the definition of stable coin.
BUT, holding all of your position into stablecoin because you want to keep your money out of exchanges or markets is a bad idea. Because they have proven their shadiness by minting a lot of coins these years. Imagine if something goes wrong happens with it, and people gets tired of their stupid action. Do you think the price will tank? it happened before, the price went down to $0.8 a year ago.
that means the best way to keep your money is by cashing it out or just but Bitcoin and keep it in your wallet.

[baigreen]

I do not see any point in investing into stable coins. They are not called stable without a reason, they are not changing their price and are not created for investment. If you would like to stay out of the market and keep your money on exchanges, you can use stable tokens.

Yes, that is true about the definition of stable coin.
BUT, holding all of your position into stablecoin because you want to keep your money out of exchanges or markets is a bad idea. Because they have proven their shadiness by minting a lot of coins these years. Imagine if something goes wrong happens with it, and people gets tired of their stupid action. Do you think the price will tank? it happened before, the price went down to $0.8 a year ago.
that means the best way to keep your money is by cashing it out or just but Bitcoin and keep it in your wallet.

Yes, stable coins are not unique. And not the fact that all stable coins are so stable against falls. It’s just that we didn’t fall so far in order to understand how stable USDT is. I imagine that a stable coin is like a peramide that can close in one day. 

[timmmers]

When you would like to stay in crypto but do not want to loose USD value when market is crashing it is good. But when you hold stable coins and crypto is growing, you are loosing.

[sana54210]

After reading this article https://changelly.com/blog/stablecoins-an-idiom-of-stability-in-crypto-space/ I started to think about purchasing stable coins. What's your opinion about that? Is it a good or a bad idea?

Your decision to buy stable coin or not depends on the intention for which you wishes to hold such coin, and till everyone knows reason why you want to buy it before you can get an accurate advise. There was a post I commented on recently where the op specifically stated if it is good for him to invest in stable coin, and I was like why would someone ever think of making a stable coin n investment because for my own definition of investment, it is what you put your money into for the purpose of yielding more increase from it and as stable coin name implies, it is absolutely far from that.

I use stable coin, and ever since I have add some assets in stable coin, it has been stagnant that way for months, but I know of that already and I am just using it to keep the value of my coin.

[bitcon]

You can't call buying a stable coin an investment because relatively, your money is just there and not growing. Stablecoin is good though but it's main purpose is to provide liquidity to the cryptocurrency volatile market.

Stable coins are perfect for those, who make money (traditional) in the countries with great inflation and other economic problems. Exchanging their fiat to stable coins, they can simply protect themselves from great losses. Most of these coins depend on the dollar, which is still the most powerful money in the world. Volatile cryptos are risky, but you can earn on them.

[Dzeronimo]

Buying stable coins is a good option if you think that the price of BTC and alts will go down. If you want to buy and hodl stable coins, you will lost the opportunity to make some profit.